Comparative Economic Organization—Within and Between Countries

Comparative Economic Organization—Within and Between Countries ABSTRACT This paper explores the implications of going beyond transaction cost theory's implicit focus on domestic investors to include multinational actors. As developed herein, the discriminating alignment between the level of hazards (contractual and/or political) and the mode of governance carries over. In the open-economy context, such an alignment reflects the hazards that arise from the nature of the transaction and those that arise from the nature of the political and regulatory environment. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business and Politics de Gruyter

Comparative Economic Organization—Within and Between Countries

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Publisher
de Gruyter
Copyright
Copyright © 1999 by the
ISSN
1369-5258
eISSN
1469-3569
DOI
10.1515/bap.1999.1.3.261
Publisher site
See Article on Publisher Site

Abstract

ABSTRACT This paper explores the implications of going beyond transaction cost theory's implicit focus on domestic investors to include multinational actors. As developed herein, the discriminating alignment between the level of hazards (contractual and/or political) and the mode of governance carries over. In the open-economy context, such an alignment reflects the hazards that arise from the nature of the transaction and those that arise from the nature of the political and regulatory environment.

Journal

Business and Politicsde Gruyter

Published: Dec 1, 1999

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